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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 3:59 PM EST

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To: Amy J who wrote (65734)	7/3/2004 10:15:45 AM
From: RetiredNow	Read Replies (2) of 77400

Good points all. Those are the what ifs that may change the equation. However, gen Y doesn't change the fact that we'll have a dip for a decade or so. Everything moves in waves and the baby boomer wave won't be offset for awhile. One that you didn't mention is immigration. If the U.S. opens up again, then immigrants might take alot of U.S. jobs too, because they typically are willing to work for less, they don't typically join unions, and they are increasingly very well educated (from India, China, and other Asian countries). So the American worker is indeed in a pickle. I hope parents are helping their kids understand that their future is going to depend on several things: 1) the quality and extent of their education, 2) their adaptability, and 3) their willingness to engage in lifelong learning. Without those things, they're going to be in for a rough ride as competition from the rest of the world heats up.

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